True they are raising debt - but part of that is to repay existing facilities. I am not concerned by the additional debt especially if they are using it to pick up the elders sandalwood at firesale prices. As to the debt details - it looks like they are doing a bond issue given they are using a bank as an arranger - I suspect they can't give clarity on interest rate etc until they have gone to market.
Remember TFS is only 2 years away from first harvest and then the cash flows will really start to flow and then debt will not be an issue.
Keeping the faith - but still needing to see the institutional cash arrive before I sleep soundly.
NZsly
TFC Price at posting:
96.7¢ Sentiment: Buy Disclosure: Held
